Goldman Sachs is poised to promote its biggest pool of new partners since CEO David Solomon took the helm more than five years ago as the financial giant rides a rebound in dealmaking, The Post has learned.
The bulge-bracket bank expects its crop of new partners — one of Wall Street’s most exclusive clubs, whose members can rake in millions of dollars a year — will be larger than the 80 partners appointed in 2022, according to a source close to the situation.
Every two years the prestigious firm promotes dozens of senior executives to join its top brass that make up just 1% — or about 400 employees – of its global workforce of more than 46,000.
The latest partner appointments will be the fourth intake of CEO David Solomon’s six-year tenure in Goldman’s top job. AFP via Getty Images
The new partners will enjoy a base salary of nearly $1 million a year, but they can take home multiples of that sum once other compensation such as bonuses and stock are included.
The size of the upcoming partner appointments was first reported by Bloomberg News.
